Qatar eyes debut Islamic bond issue

Doha, May 9, 2012

Qatar is planning to issue its first international Islamic bond, or sukuk, IFR Markets, a unit of Thomson Reuters reported on Wednesday.

Qatar has sent a request for proposals to banks and is close to mandating arrangers, IFR said, citing sources it did not identify. The sukuk is expected sometime in the second quarter, before the summer break, the sources said.